Explore the legal terms and concepts related to Changes in Beneficiaries. Click on any term below to learn more about its definition and applications.
When does California's anti-lapse statute apply?
Anti-lapse applies if: (1) the deceased beneficiary is kindred of the testator or trustor or of the...
How is ademption by satisfaction established?
Ademption by satisfaction occurs where the testator gives the beneficiary a substitute gift during t...
What is ademption by extinction and when does it occur?
Ademption by extinction is the failure of a gift caused that is caused when an item of property orig...
In California, when is extrinsic evidence admissible to explain ambiguities in a will?
In California, extrinsic evidence is admissible to explain any ambiguity in a will—either latent or...
What is lapse?
If the beneficiary predeceases the testator, the gift lapses and falls to the residue in the absence...
